Learned how to fix a sink and change a toilet!

I'll play devil's advocate, at that price you might as well invest in multifamily units. 3-4 unit properties are selling in the low $200K and with an average rent of $700/unit, you get better cash flow and spread out risk (1/3 units vacant versus the house 100% vacant.)You do your inspections and make necessary improvements upfront to offset the risks with buying a "used" property instead of brand new construction.Alternatively, how much of a price difference between new construction and a remodeled home?

Weigh these with the time to manage a long distance team and travel to look at properties, check on remodel progress, and property condition after renovation.

From my understanding, you can only claim 60% for 2024; I do not understand how much bonus/accelerated depreciation we could take on a 1.8M property without a remodel.

What I do like about the condo market right now is fixer condos are going for a steeper discount than it actually costs to remodel.

I have three homes, some of which I've subdivided into individual units, one of which has an attached granny, one a remodeled garage studio, and another in which I just remodeled the master suite add-on into a large studio.

We were getting it remodeled and hired and a contractor through our real-estate agent.

I learned a TON about how to fix and remodel myself.

I purchased a 3 unit in 2022 which I completely remodeled except the ground unit.

Full interior remodel What was the outcome?